Lining Alys Beachs Main Street leading from its town center to the Gulf of Mexico, Somersisle Terrace occupies a prominent place between the retail and resort offerings at either end. As such, it is modeled after the grand Terrace Rows of Georgian London, rising four stories above an elevated stoop and landscaped dooryard. Second floor living affords Gulf views from the front porch and balcony, while an elevated loggia, court and pool on the west side enjoy the western sunset. Four-bedroom suites are distributed on three floors with the principal suite, on the third floor, afforded its own private porch and balcony above the common one below. Above it all, a generous fourth-floor eastern terrace forms an outdoor living room while a western one offers alfresco dining before the setting sun. Both enjoy sweeping panoramic views overlooking the town and Gulf. - Khoury Vogt Architects Each residence is offered with an elevator from ground floor to 3rd floor. Designed by Khoury Vogt Architects, the custom designed Somersisle Terrace will deliver 10 total residences with interiors finished by Khoury Vogt Architects, each with four bedrooms plus media room. The initial offering will consist of two Somersisle Terrace residences.
This property is $8.0M more than the Median Sold Price and $1.3K/SqFt more than other homes in Walton Beaches, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Emerald Coast Association of REALTORS®
MLS Number: #945720
Listing Office:
Office Name: Alys Beach Properties Llc
Office Email: tdodson@alysbeach.com
Listing Agent: Alys Beach Sales Team
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 12:50:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$45.8K
Per Month
Principal & Interest
$44.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$897
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$27K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Bay Elementary School
118 Gilmore Rd
Distance between this listing and this school8.57 miles
Public District Grades PK-4
8
/10
Van R. Butler Elementary School
6694 W County Highway 30a
Distance between this listing and this school15.63 miles
Public District Grades PK-4
6
/10
Freeport Elementary School
15381 Us Hwyy 331 South
Distance between this listing and this school17.26 miles
Public District Grades PK-4
Middle School
6
/10
Emerald Coast Middle School
4019 Us Hwy 98e
Distance between this listing and this school15.17 miles
Public District Grades 5-8
6
/10
Freeport Middle School
360 Kylea Laird Dr
Distance between this listing and this school16.84 miles
Public District Grades 5-8
High School
8
/10
South Walton High School
645 Greenway Trl
Distance between this listing and this school11.92 miles
Public District Grades 9-12
8
/10
Freeport Senior High School
12615 Us Hwy 331 South
Distance between this listing and this school19.19 miles
Public District Grades 9-12
Assigned Schools
7
/10
Bay Elementary School
118 Gilmore Rd
Distance between this listing and this school8.57 miles
Public District Grades PK-4
8
/10
Van R. Butler Elementary School
6694 W County Highway 30a
Distance between this listing and this school15.63 miles
Public District Grades PK-4
6
/10
Freeport Elementary School
15381 Us Hwyy 331 South
Distance between this listing and this school17.26 miles
Public District Grades PK-4
Assigned Schools
6
/10
Emerald Coast Middle School
4019 Us Hwy 98e
Distance between this listing and this school15.17 miles
Public District Grades 5-8
6
/10
Freeport Middle School
360 Kylea Laird Dr
Distance between this listing and this school16.84 miles
Public District Grades 5-8
Nearby Schools
5
/10
Surfside Middle School
300 Nautilus St
Distance between this listing and this school10.97 miles
Public District Grades 6-8
Assigned Schools
8
/10
South Walton High School
645 Greenway Trl
Distance between this listing and this school11.92 miles
Public District Grades 9-12
8
/10
Freeport Senior High School
12615 Us Hwy 331 South
Distance between this listing and this school19.19 miles
Public District Grades 9-12
Nearby Schools
10
/10
Seaside Neighborhood School
10 Smolian Circle
Distance between this listing and this school7.68 miles
The neighbors living near this home have an average income of $93,868. Most Walton Beaches, FL residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 40 S Somerset St
What is the listing price of this property?
The listing price of 40 S Somerset St property is $8,985,000.
What type of property is this?
The property 40 S Somerset St is a townhouse located in Inlet Beach, Florida, 32461.
Is this property for sale now?
Active Listing: 40 S Somerset St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 40 S Somerset St are: Bay Elementary School: GreatSchools Rating 7/10Van R. Butler Elementary School: GreatSchools Rating 8/10Freeport Elementary School: GreatSchools Rating 6/10Emerald Coast Middle School: GreatSchools Rating 6/10Freeport Middle School: GreatSchools Rating 6/10South Walton High School: GreatSchools Rating 8/10Freeport Senior High School: GreatSchools Rating 8/10
How many bedrooms and bathrooms does this property have?
The property at 40 S Somerset St has 4 bedrooms and 4 full and 3 half bathrooms.
What is the square footage of this property?
The property 40 S Somerset St is 4,743 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 40 S Somerset St is 2025.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 40 S Somerset St in Inlet Beach, FL and zip code 32461. This 4,743 square foot home was built in 2025. Features: 4 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $8,985,000.
While more than 8 listings in Walton Beaches, FL in March 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 132 were sold below. The number of homes for sale in Walton Beaches, FL increased by 16.5% between February 2024 and March 2024. In March 2024, listings were on the market for 86 days. During the same period, the median list price in this real estate market was $972,935.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dick's Sporting Goods
Dollar General
Cracker Barrel
Texas Roadhouse
Applebees
Cadillac
Subaru
Ram
News/Talk/Information
New Country
Classic Country